Oil World, Technical Buying, Basis Levels Turnaround Grains
Nov 20, 2012
The grains rallied sharply mid-session to turnaround losses from the overnight trade. Sparking the rally was Germany-based analyst Oil World downgrading anticipated South American production by 3 million metric tons. Aiding the ascent was technical buying and strong basis levels south of Cairo, IL. Tune into GrainTV for a full breakdown.
THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS. FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS. PLEASE READ OUR RISK DISCLOSURE.
